Ethereum 2.0 network launch will take place on December 1, 2020

The developers have presented the Ethereum 2.0 deposit contract, which will become a bridge between the future on the blockchain andProof-of-Stake (PoS) and existing on Proof-of-Work (PoW).

Initially, the launch of the Ethereum 2.0 network was planned for January 3, 2021 (the 12th anniversary of the launch of the Bitcoin network), but the developersrescheduled for December 1, 2020.

Users can now start making contributions to the contract by32 esters (ETH) for steak.16,384 validators must be added to the contract524 288 ETH by the set date for the launch of the Beacon Shain network, which will become2.0.

eth2 quick update no. 19https://t.co/ruz3PQJXd1

v1.0.0 specs released

Mainnet launchpad live?

Thank you to the countless researchers, engineers, spec contributors, and community members that made this happen

- dannyryan (@dannyryan) November 4, 2020

Stakers will start receiving rewards forstaking after the launch (or genesis) of Ethereum 2.0 block zero. The expected reward for staking is quite high compared to other investments and ranges from 8% to 15% per annum. There are good reasons for this: the risks of the software and the unilateral nature of the deposit contract (in the first phases of the launch, ether cannot be brought back to the PoW network).

“We have hardened Ethereum 2.0 as much as possible in testnets, formal reviews and audits. We're incredibly excited to see some community activity around Ethereum 2.0, now with real value in staking. ", said Joe Lubin, CEO of ConsenSys, in a commentary for Coindesk.

"Deployment of the deposit contract is the pointno return for Ethereum 2.0. Now we have no choice but to see it through to the end. After 2.5 years of working on this, I am incredibly excited about where we are and what lies ahead. "Said Ben Edgington, developer of Ethereum 2.0 at ConsenSys.

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